after controlling for bank-specific and market risk factors. Large banks on average pay 80 basis points and 70 basis points …

This paper investigates the relationship between the two major sources of bank default risk: liquidity risk and credit … these two risk sources on the bank institutional-level and how this relationship influences banks’ probabilities of default … increase the PD, the influence of their interaction depends on the overall level of bank risk and can either aggravate or …

We analyze the optimal capital structure of a bank issuing countercyclical contingent capital, i.e., notes to be …

, however, is inconclusive on what an optimal bailout program should look like to mitigate the negative consequences of … banking sector stability, significantly increasing its risk. In particular, we find that among bailout measures …

We formulate and test hypotheses about the role of bank type – small versus large, single-market versus multimarket … Survey of Small Business Finance (SSBF), we conduct two sets of tests. First, we test for the type of bank serving as the … “main” relationship bank for small businesses with different firm and owner characteristics. Second, we test for the …

thanks to a novel dataset containing detailed bank-specific information for the Polish banking industry. Our findings …

This paper analyzes the systemic risk effects of bank mergers to test the “concentration-fragility” hypothesis. We use … the marginal expected shortfall as well as the lower tail dependence between a bank’s stock returns and a relevant bank …

Bank payouts divert cash to shareholders, while leaving behind riskier and less liquid assets to repay debt holders in … the future. Bank payouts, therefore, constitute a type of risk-shifting that benefits equity holders at the expense of … pensions and deferred compensation) impact bank payout policy in a manner that protects debt holder interests. We show that …

We analyze the takeover premiums paid for a sample of domestic and cross-border bank takeovers in the European Union … strength of bank regulation and supervision as well as deposit insurance regimes in Europe have measurable effects on takeover … pricing. Stricter bank regulatory regimes and stronger deposit insurance schemes lower the takeover premiums paid by acquiring …